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Get Tax Benefits
from Home Repairs
When you make repairs to your home after fire or flood damage you can add these repairs onto
the original purchase price of your home when and if you sell your property. This
will help to reduce the capital gains tax(es). You can also add other common home
repairs and improvements to the original purchase price including those do-it-yourself repairs and upgrades. You need to keep all receipts and paper work related to each home repair and/or improvement
to present it to the IRS if needed.
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